Shanghai Venture Capital Co.

{{Short description|Chinese state-owned venture capital and private equity firm}}{{Verification|date=June 2022}}

{{Infobox company

| name = Shanghai Venture Capital Company
上海创业投资有限公司

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| type = State-owned enterprise

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| foundation = 1999

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| location_city = Shanghai

| location_country = China

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| key_people = Wang Pingao, President

| industry = Venture Capital, Private Equity

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| owner = Shanghai Municipal People's Government

| num_employees = 100

| homepage = {{Official URL}}

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Shanghai Venture Capital Company ("SHVC") is one of China's largest state-owned venture capital/private equity firm. It is owned by the Shanghai Municipal People's Government.{{Cite news |last=Cadell |first=Cate |date=February 1, 2022 |title=Drone company DJI obscured ties to Chinese state funding, documents show |language=en-US |newspaper=The Washington Post |url=https://www.washingtonpost.com/national-security/2022/02/01/china-funding-drones-dji-us-regulators/ |access-date=2022-10-10 |issn=0190-8286}}

Established in 1999, Shanghai Venture Capital Co. has been a dominant state-owned venture capital/private equity firm in China. SHVC was initially established with RMB¥ 600 million registered capital from the Shanghai municipal government.{{cite web|url=http://www.shvc.com.cn/en/company.asp?Title=Company%20Profile |title=Shanghai Venture Capital Company CO., LTD |publisher=Shvc.com.cn |date=1999-08-09 |accessdate=2014-07-22}}

Investments

As of 2013, Shanghai Venture Capital Co. has invested a total of RMB¥ 2.4 billion in over 160 private companies,{{cite web|url=http://www.simuwang.com/bencandy.php?fid=254&id=120047 |title=上海创投 - 私募股权公司 - 私募排排网 |publisher=Simuwang.com |date= |accessdate=2014-07-22}} and had 7 IPOs.{{Citation needed|date=December 2020}} SHVC currently has over 100 employees and more than 30% has international experience.{{Citation needed|date=October 2020}} SHVC currently has RMB¥ 10 billion under management.{{Citation needed|date=December 2020}}

Shanghai Venture Capital Co. specializes in early stage and growth stage investments in the following areas:{{Citation needed|date=December 2020}}

  • Clean energy
  • Energy-efficient technologies
  • Biomedical technologies
  • New materials
  • Information technologies

Shareholders and Partners

SHVC's main shareholders include National Development and Reform Commission(NDRC), State-owned Assets Supervision and Administration Commission(SASAC), Chinese Academy of Sciences(CAS) etc.{{Citation needed|date=July 2022}}

SHVC has developed long-term alliance with Temasek Holdings, Tsinghua Venture Capitals, Shanghai International Trust Co., Fudan University, Shanghai Jiao Tong University Industry Group, and many other strategic partners.{{Citation needed|date=October 2020}}

Related Parties

References